Corebridge Financial Inc. Decreases Stock Position in Saia, Inc. (NASDAQ:SAIA)

Corebridge Financial Inc. decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,270 shares of the transportation company’s stock after selling 1,354 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Saia worth $13,795,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Saia by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock worth $1,149,779,000 after buying an additional 25,090 shares during the period. LPL Financial LLC increased its position in shares of Saia by 22.6% in the 4th quarter. LPL Financial LLC now owns 25,381 shares of the transportation company’s stock valued at $11,567,000 after purchasing an additional 4,679 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Saia in the 4th quarter valued at $248,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Saia during the 4th quarter worth $2,461,000. Finally, TD Private Client Wealth LLC grew its stake in shares of Saia by 5.8% during the fourth quarter. TD Private Client Wealth LLC now owns 4,514 shares of the transportation company’s stock worth $2,057,000 after purchasing an additional 249 shares in the last quarter.

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company’s stock.

Saia Stock Down 0.8 %

Saia stock opened at $378.49 on Wednesday. The stock has a 50 day moving average of $438.75 and a two-hundred day moving average of $466.01. Saia, Inc. has a twelve month low of $342.68 and a twelve month high of $624.55. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.24 and a beta of 1.89. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 earnings per share. As a group, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Ratings Changes

SAIA has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group boosted their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price target for the company in a report on Monday, February 24th. Raymond James cut their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Finally, TD Cowen upped their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $526.39.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.